海外FXニューストップ > FxPro(エフエックスプロ) > Can OPEC Meeting Help WTI Break Major Resistance ?
 

情報取得日 2017/05/20 情報配信日 11月 23日 海外FX業者:FxPro(エフエックスプロ)

 

Can OPEC Meeting Help WTI Break Major Resistance ?

 
海外FX業者
FxPro(エフエックスプロ)
 
本文

OPEC will hold the next meeting in Vienna on 30th Nov, discussing about further details regarding output freeze.

Due to the market expectations on the likely agreement after the meeting, oil price has rebounded since 14th Nov, after testing the long term significant support line at 43.00. From 14th to 22nd Nov, WTI spot has rebounded 8.86%, trading above the downside uptrend line support.

Fundamentally, the oversupply issue has intensified. According to the monthly report from IEA (International Energy Agency), the output of OPEC in Oct has reached a record high of 33.83 million barrels per day. This figure has surpassed OPEC’s freeze target of 32.5 – 33.0 million barrels per day.

The conflicts of interests between member states is another major difficulty for reaching an unanimous agreement.

The firming of the dollar has restrained the bullish momentum.

If there is no concrete agreement made after the Vienna meeting, then oil prices will l......続きはこちら




同じ海外FX業者の海外FXニュース
GBPUSD Tests Significant Post Brexit Support

海外FX業者 FxPro(エフエックスプロ)

情報配信日 10月 03日

This morning the PM announced the timeline for the negotiations between the UK and the EU, by stating the intention to trigger Article 50 by March 2017. In addition, Chancellor Philip Hammond warne...

詳細を見る

USD/CAD Tests 1.3500 Support Ahead of BoC, FOMC and OPEC

海外FX業者 FxPro(エフエックスプロ)

情報配信日 05月 24日

The Bank of Canada (BoC) will announce its rate decision and monetary policy statement this afternoon at 15:00 BST. Be aware that it will likely cause volatility for CAD and USD crosses. Market con...

詳細を見る

DAX Bulls Test Near Term Major Resistance

海外FX業者 FxPro(エフエックスプロ)

情報配信日 03月 28日

The DAX index has been oscillated in the range between 11900 and 12100 since early March. Monday, we saw the release of German IFO expectations, current assessment and business climate figures for...

詳細を見る

Sterling reversal

海外FX業者 FxPro(エフエックスプロ)

情報配信日 10月 26日

What we saw in sterling yesterday was instructive of the dilemma that may face other central bankers before long. Carney played down expectations of a further easing in policy before the end of th...

詳細を見る

USD Hovers Around Support Levels Ahead of Yellen’s Speech and Health Care Bill

海外FX業者 FxPro(エフエックスプロ)

情報配信日 03月 23日

Today the US Congress will vote on whether to repeal Obamacare, which is President Trump’s first bill proposal since taking office. President Trump has warned Republicans that, if the healthcare re...

詳細を見る

Dollar Plunged on Trump’s Second Dollar Overly Strong Statement

海外FX業者 FxPro(エフエックスプロ)

情報配信日 04月 13日

The dollar index fell to a 2-week low of 99.91 in the early hours this morning, breaking the significant support level at 100.00. The dollar index plunged 0.58% on Wednesday April 12, and 0.88% in ...

詳細を見る

FTSE Nears Major Resistance Prior to X’mas

海外FX業者 FxPro(エフエックスプロ)

情報配信日 12月 23日

The FTSE index has seen a 14.72% gain this year. The trend has turned upwards after hitting a 3-year-and-seven-month low of 5495.05 on 11th February. The price has been held above the mid-term m...

詳細を見る

Corporate Earnings Lift US Stocks Ahead of Trump’s Tax Reform Plan

海外FX業者 FxPro(エフエックスプロ)

情報配信日 04月 26日

Last week the US President Trump stated on twitter that he will “unveil his major tax reform plan on Wednesday April 26”. Trump intends to dramatically cut corporate tax from the curre...

詳細を見る

GBP/USD Bulls Test 1.2600 Ahead of Brexit Triggering

海外FX業者 FxPro(エフエックスプロ)

情報配信日 03月 27日

This morning GBP/USD reached 1.2597, the highest the pair has attained since February 2, helped by the slump of USD caused by Trump’s healthcare bill failure. GBP/USD has been trading above the do...

詳細を見る